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Description
A home-based business is any enterprise for which the principal administrative and managerial activities take place within an individual's personal residence. People start home-based business ventures for a wide variety of reasons. For example, some people are forced to leave the corporate world as a result of downsizing or early retirement, while others leave voluntarily out of a desire to be their own boss, to avoid the hassles associated with commuting, or to facilitate caring for children or elderly relatives. Whatever the reason, home-based businesses have become a significant trend in recent years. Once viewed as way for an unemployed person to make some money until a "real" job came along, home-based businesses are now taken much more seriously. Today, home-based businesses run the gamut from consulting firms and advertising agencies to photography studios and free-lance writing services. According to Scott Clark in the Houston Business Journal, home-based businesses create more than 8,000 new jobs each day and generate nearly $400 billion in annual revenues. In fact, such well-known companies as Amway, Ben and Jerry's, Domino's Pizza, Estee Lauder, Hallmark, and Nike all started as home-based businesses.
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